UK Exits Recession as per Official Data, Office for National Statistics
The UK’s economy grew by 0.6% in the first quarter of 2024, officially ending a mild recession that started in the second half of 2023. ...
Tag : UK
Japan and UK in Technical Recession: Global Impacts with India’s Economic Resilience
After the economies released their third and fourth-quarter Gross Domestic Product (GDP) performance results, it was reported that a recession took place in the world’s...
European Markets Open Lower as UK Inflation Above Market Expectations
European stock markets opened lower on Wednesday, following higher-than-expected inflation in the UK and mixed signals from the US Federal Reserve’s rate policy changes. Investors...
UK Inflation Hits 41-Year High
According to the Office for National Statistics, rising food prices and household energy bills pushed British inflation to a 41-year high. The data was published...
UK GDP Dropped 0.2% in Q3 as Energy, Cost-of-Living Crises Bit
The UK economy plunged for the first time in six quarters in three months. As Europe’s energy crisis drove inflation to its highest in about...
Co-Op Faces Supply Chain Snag amid Rising Inflation
On Thursday, Britain’s Co-operative Group reported a sharp drop in its interim profit. The grocery-to-funerals and legal business provider faces supply chain snags because of...
Canada-based Cineplex Approaches Cineworld Lenders over Merger with Regal Unit, Reports Says
On Wednesday, the Wall Street Journal reported that Canadian cinema chain operator Cineplex has reached out to the lenders of Cineworld to revitalise a potential...
UK Cuts Taxes as Economy Falls into Recession
The new UK Government has introduced measures to cut taxes and stimulate growth as recent data showed the economy sliding into recession at the end...
Coffin of Queen Elizbeth II Reaches Buckingham Palace
The longest reigning monarch of Britain, Queen Elizabeth II, passed away on September 8 at 96 at Balmoral Castle, Scotland. The Queen’s Coffin has flown...
Aveva Shares Jump on Report of Potential Schneider Buyout
Shares in AVEVA Group PLC (LON:AVV) rose on Tuesday after a report emerged that France’s Schneider Electric edges closer to a deal to totally acquire...